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Activision Blizzard (ATVI) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Activision Blizzard (ATVI). During the week, the ATVI climbed 0.07 points, or 0.09%, and closed at 78.66 on Friday, May 26, 2023. ATVI was trading at average weekly trading volume.
ATVI is a member of Communication Services Sector. Communication Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See ATVI long-term trend chart]
A long-term downtrend had started on February 16, 2021 at 104.53 and reached 56.40 on December 3, 2021. ATVI lost 48.13 points, or 46.04%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (61.10). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See ATVI medium-term trend chart]
A medium-term uptrend had started on November 7, 2022 at 70.94 and reached 87.01 on April 25, 2023. ATVI gained -16.07 points, or -22.65%, in 24 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 71.98 and resistance is at 89.79. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ATVI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 5, 2023. Use the following link to access a MACD help.
 Short-term trend: [See ATVI short-term trend chart]
A short-term downtrend had started on April 25, 2023 at 87.01 and reached 73.61 on May 4, 2023. ATVI lost 13.40 points, or 15.40%, in 9 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (76.97) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
Daily Technical Indicators: [See ATVI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 15, 2023. The distance between MACD and the signal line is low and getting smaller.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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